To put this "sale" into perspective....
Last week I sold 60,000 shares of Banco Santander (STD) at a $71,000 loss.
While the stock paid an extremely nice dividend... the risk seems to be growing for europe rather than them getting their act together and while STD might be fine... when you're hearing about runs on banks etc. that becomes troubling when you have the kind of investment size that I carry per name. At some point it pays to take a hit and see where the train stops, rather than stand in front of it, and get hit head on.
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